Details about Smart Income Protect

Details about Smart Income Protect include its plan type, eligibility, returns. SBI Life Insurance is an insurance company which provides different insurance plans under various categories such as Endowment Plans, ULIPs, Group Plans, Pension Plans etc. Claim settlement ratio for this insurance provider is 91.06 %. That is out of 100 claims received, they have paid money for those many number of claims. This policy is provided by the life insurance company under Endowment Plan. Smart Income Protect details also include information about policy term and whether the plan can be bought in a group. Presently, this policy has been withdrawn by the insurance company. This plan cannot be bought online.

Smart Income Protect Eligibility

Smart Income Protect eligibility talks about the min/max entry ages and vesting ages required for this plan. Vesting age is also known as maturity age. Vesting age usually begins after all the SBI Life Smart Income Protect Premiums are paid and it is time to reap the benefits of the plan i.e. getting your invested money back along with added bonus. Minimum/maximum entry ages and vesting ages are calculated based on the last birthday of the life insured.

Entry Age and Vesting Age Restrictions

Following are the entry age and vesting age restrictions for SBI Life Smart Income Protect-

Policy Term in Smart Income Protect

Policy Term in Smart Income Protect is a period of time during which the policy is valid. When policy term is completed, you get some fixed returns and extra benefits mentioned in your policy. Policy term details for this plan are given below.

Minimum Policy Term: 7 years.

Maximum Policy Term: 15 years

Smart Income Protect Returns

In a life insurance policy, sum assured comes under SBI Life Smart Income Protect returns. Sum assured is the minimum amount of money that you get from the insurance company upon completion of the policy term. In event of your death, this money is paid to your family. For this policy, value for minimum sum assured is ₹ 100000. Maximum sum assured by this insurance plan: No Limit.